The youth of today ranging from the age 13-29 have been brought up in an instant gratification way . When they want an item, they want it right then and whether or not they have the means to purchase it they can still get it by charging it on a credit card. If something get broken such as their ipod or phone they toss it and purchase another one instead of going to an ipod repair or iphone repair business to have it repaired . With the current troubled economy, this younger generation is now having to learn the lessons from their grandparents or great-grandparents who valued the dollar and took care of the items theypurchased without going into debt to buy more things .

One of the first lessons the younger person is now having to learn from those that survived through a depression already is to only purchase what you have money for at the moment. This has been a difficult one to teach many kids who have always had charge cards and do not see anything wrong with keeping a balance on that card at all times . When they can no longer pay that debt because they lost their employment is when they have to learn the difficult way. The younger younger kids today have to learn to purchase items that they only need versus what they want. They also must repress that need to be instantly gratified and have the patience to work for something that they would really like to have .

Another lesson that is now being taught to the youthful people from the older ones is how to take care of your possessions and that things are not meant to be thrown away if they are no longer the latest gadget or is broken. With technology being a continually changing world, a lot of teenagers now constantly are in search of having the latest cell phone or the most recent type of video game. These technologies are known to change as frequently as every 6 months so to keep up with it, would be incredibly expensive . With the recession going on , they are now realizing this is not possible .

The older relatives are also teaching them ways to value the things you already have and to take care of your possessions by maintaining them or getting them fixed if they break. An iphone, for example ranges from $2200-$300 and if it breaks, it is certainly valuable enough to pay for the service to have it fixed instead of purchasing a new one. This is actually unchartered territory for the younger generation .

Another lesson learned for the younger kids during the recession is to be content owning less. In the 90′s people overextended themselves and believed the more things they had, the happier they were. Now they are trying to live a more simple life and that it is more simple and often less stressful to live in a world with less tangible items .

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